11,094 Shares in CareTrust REIT, Inc. (NASDAQ:CTRE) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,094 shares of the real estate investment trust's stock, valued at approximately $300,000.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of CareTrust REIT by 381.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,878,379 shares of the real estate investment trust's stock worth $212,267,000 after purchasing an additional 5,448,904 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of CareTrust REIT by 22.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 428,699 shares of the real estate investment trust's stock worth $13,264,000 after buying an additional 78,560 shares in the last quarter. Raymond James & Associates boosted its position in shares of CareTrust REIT by 10.6% in the 3rd quarter. Raymond James & Associates now owns 684,971 shares of the real estate investment trust's stock worth $21,138,000 after buying an additional 65,756 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CareTrust REIT in the 3rd quarter worth about $7,475,000. Finally, Principal Financial Group Inc. boosted its position in shares of CareTrust REIT by 5.2% in the 3rd quarter. Principal Financial Group Inc. now owns 838,306 shares of the real estate investment trust's stock worth $25,870,000 after buying an additional 41,623 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

CareTrust REIT Trading Down 0.2 %

NASDAQ:CTRE traded down $0.04 on Friday, reaching $26.33. The stock had a trading volume of 2,401,165 shares, compared to its average volume of 1,339,118. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60. The firm's fifty day moving average is $27.35 and its two-hundred day moving average is $28.93. CareTrust REIT, Inc. has a 12-month low of $20.57 and a 12-month high of $33.15.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT's dividend payout ratio is currently 161.11%.

Analyst Ratings Changes

CTRE has been the topic of several recent research reports. BMO Capital Markets lowered shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. Wedbush lowered shares of CareTrust REIT from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $34.00 to $26.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.67.

CareTrust REIT Profile

CareTrust REIT, Inc's (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.